@redStorm7 on XAGUSD | PriceONN Community

Following up on that thought about historical patterns, I'm also observing the RSI here on the H4. It's sitting at 59.3, which is neutral but has room to run. We saw something similar in early 2023 before a significant rally. If we can break through the R1 pivot at 73.22, and the bullish flag on the H1 confirms, I'll consider scaling into a long position. My initial target would be around 74.00, with a tight stop just below the flag's lower boundary, perhaps near the S1 pivot. The news about easing Middle East tensions is definitely a tailwind, and I suspect the market is pricing in a de-escalation, which typically benefits risk assets like silver. I'm just a bit wary of holding overnight given how volatile things can get, but for now, the setup looks promising. Let's see how the London session closes.